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-governing and decentralized RSC's that control admittance to the club and its transparency, assuming that quality of their members … decisions of CRSC's regarding their composition and transparency tend to reduce quality and are therefore inefficient. …
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A decision maker (DM) must address a series of problems over time. Each period, a random case arises and the DM must make a yes-or-no decision, which we call a ruling. She is uncertain about the correct ruling until she conducts a costly investigation. A ruling establishes a precedent, which may...
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We study the causal effects of increasing the transparency of parliamentary speeches on polarization and other types of … increased transparency and left-right polarization but that the presence of TV cameras can fuel other political divides and … behavior. Our results regarding higher attendance suggest that transparency may increase politicians' effort. …
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transparency and communication strategies of the central banks. The results of the Survey reveal that today the central banks pay … much attention to the proper transparency and provide significant information about their decisions and policy making … process. The overall conclusion of the Monetary policy communication Survey is that the communication and the transparency of …
Persistent link: https://www.econbiz.de/10011785370
We consider a multi-period rational expectations model in which risk-averse investors differ in their information on past transaction prices (the ticker). Some investors (insiders) observe prices in real-time whereas other investors (outsiders) observe prices with a delay. As prices are...
Persistent link: https://www.econbiz.de/10010280788
question is affected by the degree of transparency that characterizes monetary policy. When the policy regime is one of … transparency may be dominated by those produced by an opaque and conservative (i.e., less flexible) central bank. …
Persistent link: https://www.econbiz.de/10010287771
Monetary policy works mainly through private agents' expectations. How precisely future policy intentions are communicated has, according to theory, implications for the outcome of monetary policy. Norges Bank has gone further than most other central banks in communicating its policy intentions....
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